For more than two decades the Chinese Communist party has offered the masses an unwritten social contract — we will manage the country and allow you to get rich, as long as you stay out of politics.
Rapidly rising living standards and a bureaucracy that was remarkably successful at achieving high rates of growth left most ordinary citizens convinced this was a pretty good deal.
Most foreign investors in the country have been similarly impressed by the competence of Chinese technocrats and their ability to manage an increasingly complex economy that is now the world’s largest, at least in purchasing power terms.
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